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Author Topic: Poll: Consumption tax  (Read 11471 times)

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Offline Ron Wenrich

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Poll: Consumption tax
« on: April 08, 2007, 06:53:17 PM »
Fair tax has been kicked around for the past several years.  Being that tax day is next Monday, I thought it might be good to kick around.

Poll ends 4/23/07
Never under estimate the power of stupid people in large groups.

Offline Tom

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Re: Poll: Consumption tax
« Reply #1 on: April 08, 2007, 07:10:06 PM »
I don't care for it because someone "else" decides the value of consumption.   I like the idea of a flat tax, if it could be made to work.
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Offline E.B.

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Re: Poll: Consumption tax
« Reply #2 on: April 08, 2007, 07:13:38 PM »
I have to agree with Tom 1000%



                                                                                                                      EB
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Offline LeeB

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Re: Poll: Consumption tax
« Reply #3 on: April 08, 2007, 07:28:25 PM »
Don't recon i know what a consumtion tax is. Would that be like a sales tax? If so, I would support a national flat sales tax on all purchases, be it finished goods or raw materials. That way every one pays. If you can't afford much, you don,t pay much. If your making it hand over fist and spending it to make it you pay your share also. If your making it and and saving more than you spend you get to keep it. Sounds fair to me. No special breaks for anyone or any industry. If everyone coughs up the per person amount would'nt need be that great. Or maybe I'm full of it. LeeB
'98 LT40HDD/Lombardini, Case 580L, Cat D4C, JD 3032 tractor, JD 5410 tractor, Husky 346, 372 and 562XP's. Stihl MS180 and MS361, 1998 and 2006 3/4 Ton 5.9 Cummins 4x4's, 1989 Dodge D100 w/ 318, and a 1966 Chevy C60 w/ dump bed.

Offline Ron Wenrich

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Re: Poll: Consumption tax
« Reply #4 on: April 08, 2007, 08:10:35 PM »
Here's what the fair tax is, from what I understand of it.

There would be no taxes on your earnings.  That would include Social Security, Medicare or any on corporations.  There would also be no inheritance tax. 

There would be a 23% tax on new goods.  They figure that there are about 23% of imbedded taxes in the goods you buy now.  So, instead of having it withheld as an employment tax, it will be paid at the store.

To boot, the plan also calls for a prebate each month to all head of households.  The prebate would cover the estimated tax you would pay on goods up to the poverty level.  It would do away with the earned income tax credit that those under a certain level gets a tax time.

Taxes would be collected at the retail level only when the good or service is sold.  No tax on used goods. 

They say the math adds up.  Its designed to be a neutral tax, meaning the tax levied would equal the current taxes collected, but with a lot less bureaucracy.
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Offline LeeB

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Re: Poll: Consumption tax
« Reply #5 on: April 08, 2007, 08:33:12 PM »
Wood that include purchases made by manufactures and corporations so every body pays a slice of the pie? I feel for those below the poverty line, but i feel that there should be no exclusions for anyone. I guess that would be my idea of a flat tax.
'98 LT40HDD/Lombardini, Case 580L, Cat D4C, JD 3032 tractor, JD 5410 tractor, Husky 346, 372 and 562XP's. Stihl MS180 and MS361, 1998 and 2006 3/4 Ton 5.9 Cummins 4x4's, 1989 Dodge D100 w/ 318, and a 1966 Chevy C60 w/ dump bed.

Offline Larry

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Re: Poll: Consumption tax
« Reply #6 on: April 08, 2007, 08:38:35 PM »
I sure would like to see a proposal put on the table.  I would think it could be tailored for little or no impact on those with small incomes...zero tax on food and mega tax on the 600 horsepower cigarette boats. 
Larry, making useful and beautiful things out of the most environmental friendly material on the planet.

We need to insure our customers understand the importance of our craft.

Offline sawguy21

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Re: Poll: Consumption tax
« Reply #7 on: April 08, 2007, 09:08:47 PM »
We have a federally imposed General Sales Tax (6%) on all goods that was introduced to replace the manufacturers tax. Residents of all provinces except Alberta pay a Provincial Sales Tax, rate varies among provinces, on top of that. If I trade my truck in, I submit GST on the trade in value as if I sold it outright, it is added at the time of purchase,  plus pay PST and GST on the vehicle I purchase. Grrrr. If I sell the truck privately, no problem as I am not a motor dealer. This consumption tax is over and above income tax.
Some years ago, I ran into an interesting problem. I had done some work as a contractor for a large company. I did not have a GST registration number as my gross was less than $3000.00 per year. The company's computerized A/P system could not issue a cheque without this number. They finally cut a manual cheque from petty cash. Too DanG much bureaucracy. >:(
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Offline metalspinner

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Re: Poll: Consumption tax
« Reply #8 on: April 08, 2007, 09:59:34 PM »
I think I would be for something like that.  It sure would make me control my spending.  It would also make all those people who don't pay income taxes antie up their share -  including illegals, tourists, etc...

I wonder how this would be enforced on cash business' like custom sawing? ???
I do what the little voices in my wife's head tell me to do.

Offline LeeB

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Re: Poll: Consumption tax
« Reply #9 on: April 08, 2007, 10:35:40 PM »
If you did away with an income tax and made it a sales tax or a tax on purchases it wouldn't matter what you earn cash wise. You would pay your share every time you buy. Buy less, save more, Pay less taxes. Seems like it could work somehow. I suppose you would have to make food and meds non tax items. Probably housing too.
'98 LT40HDD/Lombardini, Case 580L, Cat D4C, JD 3032 tractor, JD 5410 tractor, Husky 346, 372 and 562XP's. Stihl MS180 and MS361, 1998 and 2006 3/4 Ton 5.9 Cummins 4x4's, 1989 Dodge D100 w/ 318, and a 1966 Chevy C60 w/ dump bed.

Offline TexasTimbers

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Re: Poll: Consumption tax
« Reply #10 on: April 08, 2007, 10:54:19 PM »
I was initially for the Flat Tax when Dick Armey was pushing it back in the late nineties. Then I got to really digging deep into the national sales tax when I heard about it. I am all for the National Sales Tax now and have been since about 02.
I think a side by side comparison of the 3 clearly shows the advantages of the NST. There is a good one at fairtax.org.
The NST is the one the politicians least like, so you can bet it's the best for us! ;)
fairtax.org has an entire page dedicated to the intentional, and un-intentional misinformation put forth by politicians and the media to keep the public from getting an accurate and clear picture of why this tax really is, the "fair" tax.
The oil is all in Texas, but the dipsticks are in D.C.

Offline Brad_S.

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Re: Poll: Consumption tax
« Reply #11 on: April 08, 2007, 11:03:31 PM »
Of all the taxes, it's the local school tax on property that frosts my shorts. Maybe it's sour grapes, but having to pay an ever growing, unchecked school tax when I am childless seems grossly unfair. >:( If by some chance the budget gets voted down, the first thing they say they are going to do is cut the most poplular activities unless the "revised" budget is passed rather than make any meaningful reforms. Sure enough, the budget always passes on the next vote.  smiley_furious
A pay for only what you use tax seems much more fair, a national sales tax would fit that bill.
"Life is what happens to you while you're busy making other plans." J. Lennon

Offline Ernie_Edwards

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Re: Poll: Consumption tax
« Reply #12 on: April 08, 2007, 11:19:25 PM »
Sure do like the idea of a national sales tax. Course we could really muddy the water and have a different tax rate on the purchase of consumables either produced out of country or by foreign owned entities.

Offline TexasTimbers

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Re: Poll: Consumption tax
« Reply #13 on: April 08, 2007, 11:26:35 PM »
Brad I feel your pain......and then some. Times 5! ;D I have to pay the same tax as the guy living next door to me that has no children, but I get pay for rearing those 5 too. yes it is my choice but consider that they become doctors, policemen, scientists, and sawyers, and more taxpayers  that you benefit from as much as I do, but you got all that for just paying the same amount of tax I did.  You lucky skunk you are getting a great deal! It is YOU who is not doing his part by not helping preserve our culture! ;)

I would not trade with you for the world, but really that is the one tax you do not want to eliminate even though they are WAY to high because of embezzlemnt and fraud and waste, unless you want to be totally dependent on holistic medicine and police your own streets.

I can't begin to describe how much money it takes per month to pay for 5 of them. it is why i bought a used LT40 instead of a new one. Hey I am just thankful to be able to have gotten one at all.

One of my kids might cure you of cancer one day Brad. Then again, one of my kids might mug you on the street one day too. :D
The oil is all in Texas, but the dipsticks are in D.C.

Offline Tom

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Re: Poll: Consumption tax
« Reply #14 on: April 08, 2007, 11:29:40 PM »
And none of it is the panacea that we desire.  Just because the Feds create a tax that the population can live with, doesn't mean that the States must follow.  Nor does it mean that county and city taxing authorities will want to give up their grip on free money either. Taxing authorites aren't necessarily government.  There are port authorities, school districts, electric companies and the like who can get taxes levied on a whim.  The USPS isn't government, just ask them.  Yet the cost of stamps continues to rise and they are always knocking on the door of congress.  The communications companies seem to be a good avenue for the collection of taxes that you have trouble identifying too.  

I don't think it's as simple as we would like to believe.  Prepare for a lot of fights, not just a National election.
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Offline Mooseherder

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Re: Poll: Consumption tax
« Reply #15 on: April 08, 2007, 11:38:44 PM »
Voted Don't know because I think there is alot more to the taxation issue being debated. Would it create a Black Market economy? Would it solve the Cash Businesses into paying their fair share or leave the rest who can't hide it to pay more, as it is now?
No way, no how, should this country have this debt. It irks me when a politician says "I think the American People, blah, blah, blah."  All the while, the person making that statement is part of the problem and isn't representing me, they are from another State. They should only represent that State. Therein lies some real issues. These people never met a tax they didn't like.<(Reagan) Pork and entitlements my friends is the real problem. All Bills signed into law should not have anything attached to it. Each Bill should be voted on it's own merits. Most of the career politicians are still there even after getting us into this debt. Too many layers of goberment. :D
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Offline sawguy21

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Re: Poll: Consumption tax
« Reply #16 on: April 09, 2007, 12:07:35 AM »
The level of taxation here has created a huge underground economy (I have been part of it but don't tell anybody :D) and a lot of our taxes are spent trying to stop it.  ::)
old age and treachery will always overcome youth and enthusiasm

Offline Sprucegum

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Re: Poll: Consumption tax
« Reply #17 on: April 09, 2007, 12:20:57 AM »
Yes, thanks to the Gov't Sales Tax our underground economy is booming  :-X

I have read that in the Bahamas, or was it Bermuda?, they have no income tax at all. They do have a very high sales tax on new items. No local ever buys anything new there, they wait for the tourists to bring something over and barter with them.

Back in the 70's one of our financial gurus was trying to promote a WEALTH TAX You figure up your net worth and pay 5% of that each year. No income tax, no sales tax, no exceptions.

What can go wrong?  ;D  ;D

Offline TexasTimbers

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Re: Poll: Consumption tax
« Reply #18 on: April 09, 2007, 12:29:14 AM »
Sprucegum when did you move to Canddidda? Never had noticed that red maple leaf in your sideline before.
The oil is all in Texas, but the dipsticks are in D.C.

Offline Sprucegum

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Re: Poll: Consumption tax
« Reply #19 on: April 09, 2007, 01:08:24 AM »
I was born here so long ago I can hardly remember it.
 I have travelled out of the province but never lived or worked anywhere else and I reckon I'll keep it that way.  8)

Spring is only another couple months away  :-\


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